Peter and Dan discuss the abundance of capital available to entrepreneurs today, exploring the reasons for a historically unparalleled surge in funding and its accessibility. In 2019, aggregate global crowdfunding — inclusive of peer-to-peer lending — reached $14 billion, with over 2,000 platforms offering access to funding. But as is the case with many digital platforms, this too is experiencing double-digit growth. Experts now project that crowdfunding will reach $30 billion by 2025.
In this episode:
- Peter explains how today’s speed of computation is helping drive an abundance of available capital across industries globally. Between crowdfunding sites, venture funding, ICOs, and SPACs, there is no capital-related excuse to put off pursuing your MTP and Moonshot.
- Dan discusses the geo-political ramifications of the pandemic and how entrepreneurs have used the last eighteen months to their advantage.
- Peter talks about the benefits of Bitcoin and why cryptocurrencies will transform economies for the better.